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E*TRADE offers hefty bonuses to customers who transfer from other banks or brokers. Find out how much you could earn and if you qualify.
Commission-free; other fees apply
$0
Open and fund and get up to $1,000
On E*TRADE's Secure Website.
How you earn it:
New E*TRADE customers:
Current E*TRADE customers:
How you qualify: Open a new E*TRADE Self-Directed Brokerage account. If you're already an E*TRADE customer, you're ineligible for the new customer promo, but you can still snag the current customer promo by opening another brokerage account.
Details: The more you deposit, the more you earn.
Deposit amount | Cash bonus |
---|---|
$50 to $999 | $100 |
$1,000 to $49,999 | $150 |
$50,000 to $99,999 | $200 |
$100,000 to $199,999 | $300 |
$200,000 to $499,999 | $600 |
$500,000 to $999,999 | $1,000 |
$1,000,000 to $1,499,999 | $2,500 |
$1,500,000+ | $4,000 |
It's worth noting that this bonus only applies to taxable brokerage accounts, not retirement accounts. You don't need to open a traditional IRA or Roth IRA with E*TRADE to get this bonus.
If you're a current E*TRADE customer, the reward tiers look a little different. Current customers who open a new account must deposit at least $500,000 split between new and existing accounts.
Once you've deposited at least $500,000 between new and existing accounts, you become eligible for bonuses.
Deposit amount (existing account only) | Cash bonus |
---|---|
$500,000 to $999,999 | $400 |
$1,000,000 to $1,499,999 | $1,900 |
$1,500,000+ | $3,400 |
Deposit amount (new account only) | Cash bonus |
---|---|
$50 to $999 | $100 |
$1,000 to $49,999 | $150 |
$50,000 to $99,999 | $200 |
$100,000 to $199,999 | $300 |
$200,000+ | $600 |
Examples: Say you deposit $500,000 into your existing account and $0 into your new account. You'd get the $400 cash bonus and nothing else. Now, say you split that deposit evenly between new and existing accounts, $250,000 each. You'd get the $600 new account bonus, but no bonus for your existing account. Now, say you fund your existing account with $500,000 and your new account with $200,000. You'd get the $400 existing account bonus, plus the $600 new account bonus.
In short, the more you deposit, the more you earn. Current customers must deposit at least $500,000 somewhere to qualify for any bonuses. FYI, any money you shuffle between accounts doesn't count toward this promo. Deposits must come from outside E*TRADE.
Offer expires: May 31, 2024.
Online brokers frequently update promos, so check in every so often. We keep track of the latest E*TRADE promotions here.
The E*TRADE deposit bonus is worth considering if you like what the broker has to offer investors. This broker is known as a one-stop shop for investing. If you like low fees and mutual funds, it could be worth opening an account. E*TRADE's deposit bonus is generous compared to its competitors'. See the best brokerage promos to do your own comparisons.
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
New customers: You get your cash bonus within seven business days of your first deposit. If you deposit more within the 60 days, qualifying for more cash, you get it at the end of the 60 days.
Current customers: You get your cash bonus by the end of the 60 days.
You can only get the E*TRADE Brokerage Account Bonus once. But you can make multiple deposits during the 60-day promo period to hit higher reward tiers.
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Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
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Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.
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Fidelity disclosure
Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)